Global Plastic Pigments Market was valued at US$ 10.35 Bn in 2019 and is expected to reach US$ 18.45 Bn by 2026, at a CAGR of 7.50% during a forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Global Plastic Pigments Market Dynamics
The selection of pigments is an important part of the plastics industry. They act as an important parameter in the function of strengthening the plastic. With a wide range of plastics, polymers, and inorganic pigment systems, each with unique physical requirements, the correct selection of colorants plays a vital role. In plastics, pigments exhibit color through the process of visible light absorption and scattering.
Pigments offer a wide range of choices to plastic manufacturers, due to their opacity, heat stability, and broader Chroma range for most of the inorganic pigments. It is usually the base polymer that dictates the colorant to be selected. In some end-users, pigment serves as a better alternative to dyes. Moreover, the demand for plastics has been increasing due to continuous innovation and development in various industries, which in turn increases the demand for plastics and plastic packaging. Pigments applied in the plastics industry guarantee maximum color strength and stability and low coloring costs. Besides coloring effects and improved aesthetics, pigments increase the stability of plastics and improve their resistance to weather conditions such as heat and moisture.
Global Plastic Pigments Market Segment Analysis
On the basis of type, the inorganic pigment segment is projected to lead the plastic pigment market during the forecast period. These are generally metallic oxides or synthetics. The inorganic pigments provide dull colors and have a good light fastness. They are preferred due to their low costs and better light fastness properties. The properties of the inorganic pigments and their low cost make inorganic pigments the largest type segment in the plastic pigments market.
On the basis of the end-use industry, the packaging segment is estimated to lead the plastic pigments market in 2019. This industry is growing across various sectors, such as food beverage, healthcare, cosmetics, and other consumer goods due to the increasing use of plastics in these industries. The packaging is the largest and the fastest-growing end-use industry of plastic pigments due to the increased use of a variety of color shades to enhance the attractiveness of the packaging of goods.
Global Plastic Pigments Market Regional Insights
On the basis of region, APAC is projected to lead the plastic pigments market in 2019. Global plastic consumption has increased 3 times in the last 20 years. Growing population, increasing disposable incomes, urbanization, and changing lifestyles are driving the plastics market. China, India, Japan, and South Korea are some of the key plastic pigment markets in the region.
The report covers a global and regional level estimation and analysis for the plastic pigments market. The impact of the different market factors, such as drivers, restraints, opportunities, challenges, key issues, SWOT analysis, and technology forecasting is also illustrated in the report. The plastic pigments market report covers an in-depth study of global and regional market and market attractiveness analysis, wherein the End-user, Product, and regional segments are benchmarked based on their growth rate, general attractiveness, and market size.
Global Plastic Pigments Market, Key Highlights:
• Global Plastic Pigments Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints, and opportunities influencing the growth of the Global Plastic Pigments Market
• Global Plastic Pigments Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Plastic Pigments Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Plastic Pigments Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East Africa (MEA), and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning, and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion, and competitive landscape of the key players operating in the Global Plastic Pigments Market are also profiled.
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Scope of the Global Plastic Pigments Market: Inquire before buying
Global Plastic Pigments Market, by Type:
• Inorganic Pigments
• Organic Pigments
Global Plastic Pigments Market, by End-User:
• Consumer Goods
• Building Construction
Global Plastic Pigments Market, by Region:
• North America
• Middle East Africa
• Latin America
Global Plastic Pigments Market Key Players
• Atul Ltd
• Mazda Colours Ltd.
• Wuxi Koler Plastic Co., Ltd.
• Sudarshan Chemical Industries Limited
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